Wednesday, October 23, 2013

Big Question - Year 10 - Supply Shifters

Consider what is driving supply in the following - CLICK ON THE LINKS - For each example say:

i) whether a shift/movement has taken place (Remember to indicate which market supply curve you are referring to.
ii) if there's been a movement along the S curve, a contraction or extension?
iii) if there's been a shift, an increase or decrease?Chinese cars           Houses            A price drop but not for the consumer           Armed Robbery          But why sell?    Burnt Apples        Parks    Wheat, bread and pizza!        Life’s a beach!     Rock lobster.          You say tomato I say…

Wednesday, October 9, 2013

Year 10 BIG QUESTION - Demand shifters

Consider what is driving demand in the following. For each example say:

i) whether a shift/movement has taken place (Remember to indicate which market demand curve you are referring to.
ii) if there's been a movement along the D curve, a contraction or extension?
iii) if there's been a shift, an increase or decrease?

Used Cars         Grand Theft Auto         Toilet Paper          Bikes and Cars         Computer

Monday, October 7, 2013

Year 11 BIG QUESTION 7th October

After reading Chapter 40 in your text books and along with other research, answer the questions below: